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That includes researchers at the Massachusetts Institute of Technology (MIT), who are developing a set of wearable robotic limbs to help astronauts recover from falls. When the wearer falls over, an extra pair of limbs can extend out to provide leverage to help them stand, conserving energy for other tasks. The study found that falls were more common when, like Duke, astronauts were collecting samples or using tools – tasks that Artemis astronauts are likely to undertake. Kim Shiflett/NASA NASA astronaut Eric Boe wears Boeing's new spacesuit designed for astronauts who will fly on the CST-100 Starliner. Ballesteros plans to spend the next few years of his PhD using a “Swiss Army Knife technique” to turn SuperLimbs into a system for astronauts that can “address different important use cases, but all be one unified design.”SuperLimbs could help astronauts recover from falls, move efficiently, and do work.
Persons: haven’t, Artemis, Charlie Duke, Duke, Walter M, Schirra Jr, Donald K, Slayton, John H, Glenn Jr, Scott Carpenter, Alan B, Shepard Jr, Virgil I, Grissom, Gordon Cooper Jr, John W, Michael Collins, Edwin E, Aldrin Jr, Buzz Aldrin, Neil A, Armstrong, Aldrin, Joe Engle, Richard Truly, John Young, Bruce McCandless, McCandless, Robert L, Stewart, Michael J, McCulley, Franklin R, Chang, Diaz, Ellen S, Baker, Shannon W, Donald E, Williams, Michael Fincke, Yury Lonchakov, Kennedy, Center's Neil A, Jessica Watkins, Bob Hines, Kjell Lindgren, Samantha Cristoforetti, Kim Shiflett, Eric Boe, Boeing Dustin Gohmert, NASA's, Joel Kowsky, NASA Kristine Davis, SuperLimbs, Harry Asada, Erik Ballesteros, Ballesteros, it’ll, , Jonathan Clark, ” Ballesteros, Ana Diaz Artiles, Kalind Carpenter, Preston Rogers, Mirza Samnani Organizations: CNN, Massachusetts Institute of Technology, MIT, University of Michigan, National Aeronautics and Space Administration, NASA, Mercury, Command, NASA Space Shuttle, Challenger, NASA's, NASA NASA, Russian Sokol, International Space, SpaceX, Armstrong Operations, Boeing, Orion, Space, Space Center, Extravehicular Mobility, UPI, Jet Propulsion, SuperLimbs, Neurology, Space Medicine, Baylor College of Medicine, Texas, Swiss Locations: Tranquility, Russian, Washington ,, Washington, Japan, Mars . China
Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. "Don't sell the stock," Jim urged, outlining several reasons why investors should hold in his Sunday column . As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.
Persons: Jim Cramer, Jim, he'd, Brian Niccol, Niccol, we've, Stocks, Jim Cramer's Organizations: CNBC, Apple, Evercore ISI, Constellation Brands, Wall Street Journal, Boeing, VF Corp, Southwest Airlines Locations: Wells Fargo
—Katie Stockton with Will Tamplin Access research from Fairlead Strategies for free here . THIS CONTENT IS PROVIDED FOR INFORMATIONAL PURPOSES ONLY AND DOES NOT CONSITUTE FINANCIAL, INVESTMENT, TAX OR LEGAL ADVICE OR A RECOMMENDATION TO BUY ANY SECURITY OR OTHER FINANCIAL ASSET. Fairlead Strategies Disclaimer: This communication has been prepared by Fairlead Strategies LLC ("Fairlead Strategies") for informational purposes only. Securities, investment products, other financial products or strategies discussed herein may not be suitable for all investors. The recipient of this information must make its own independent decisions regarding any securities, investment products or other financial products mentioned herein.
Persons: Lockheed Martin, Katie Stockton Organizations: Boeing, Aerospace, Defense, U.S . Aerospace, Defense ETF, ITA, GE Aerospace, Lockheed, RTX Corp, CNBC, NBC UNIVERSAL, Fairlead, CNBC Pro, Securities Locations: U.S, uptrends
Boeing: Buy or sell?
  + stars: | 2024-10-14 | by ( ) www.cnbc.com   time to read: 1 min
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBoeing: Buy or sell? Matthew Akers, Wells Fargo Securities analyst, and Richard Safran, Seaport Global Securities senior analyst, join CNBC's 'The Exchange' to discuss Boeing's third quarter losses, their outlook the stock, and more.
Persons: Matthew Akers, Richard Safran, CNBC's Organizations: Boeing, Wells, Wells Fargo Securities, Seaport Global Securities Locations: Wells Fargo
Check out the companies making headlines in midday trading: SoFi Technologies — Shares of the online personal finance company jumped 9.8% after SoFi announced a $2 billion agreement with Fortress Investment Group to grow its loan platform business. Crypto stocks — Stocks tied to cryptocurrencies surged as bitcoin gained more than 5% to top $66,000. Ibotta — Shares advanced 5.5% after Goldman Sachs upgraded Ibotta, a mobile platform that offers cash-back rewards, to buy from neutral. Flutter Entertainment — The online gambling stock rose 4% after Wells Fargo upgraded shares to overweight from equal weight, urging investors to buy the recent dip. Caterpillar — The industrial stock fell 1.7% after Morgan Stanley downgraded shares to underweight from equal weight.
Persons: SoFi, Warren Buffett's Berkshire Hathaway, Stocks, cryptocurrencies, bitcoin, AppLovin, Goldman Sachs, Goldman, Wells, Morgan Stanley, Eli Lilly's, , Alex Harring, Brian Evans, Samantha Subin, Yun Li, Lisa Kailai Han, Pia Singh, Michelle Fox Organizations: Fortress Investment Group, Sirius XM Holdings, Berkshire, Sirius, Mara Holdings, Boeing, Walmart, of America, Caterpillar, U.S . Food, Drug Administration Locations: U.S
Howmet also produces parts used in gas turbines (power generation) and precision castings, fasteners, and other components for automotive applications. Over the past few years, Howmet has grown revenues, net income, and free cash flow considerably faster than the economy's overall growth. About 5.7% of Howmet's revenue comes from Boeing , which is greater than 4.6% of its revenues from Airbus. However, some of the company's revenues are derived indirectly from jet engine manufacturers General Electric, 12% of revenues, and Rolls-Royce, which represents 5.34%. Over the past five years, Howmet shares have appreciated by 370%, outperforming the S & P by more than 260% and the industrials index by about 280%.
Persons: Howmet Organizations: Howmet Aerospace, Aerospace, Boeing, Airbus, Electric, Royce, CNBC, NBC UNIVERSAL
Crypto stocks – Stocks linked to cryptocurrencies rose as Bitcoin soared above $64,000 to start the week. Flutter Entertainment – The FanDuel parent company popped 4% after Wells Fargo upgraded shares to overweight , saying that investors should consider buying the stock following the recent sell-off. Boeing also postponed the delivery of its still-uncertified 777X wide-body plane and forecasted a wider-than-expected loss for the third quarter. Sirius XM Holdings – The audio entertainment company rose 3.5% after Warren Buffett's Berkshire Hathaway disclosed that it purchased more of the stock. Caterpillar – The industrial company slipped more than 2% after Morgan Stanley downgraded shares to underweight from equal weight.
Persons: MicroStrategy, Mara, Mara Holdings —, Coinbase, Wells, Warren Buffett's Berkshire Hathaway, Morgan Stanley, Goldman Sachs, AppLovin, Eli Lilly's, , Alex Harring, Samantha Subin, Jesse Pound, Sarah Min, Hakyung Kim, Pia Singh Organizations: Mara Holdings, Boeing –, Boeing, Sirius XM Holdings, Berkshire, Sirius, Caterpillar, Walmart, Food and Drug Administration
Boeing's 777X, its largest passenger plane, is delayed yet again. AdvertisementBoeing's future is dependent on the upcoming 777X, the world's largest passenger plane in production, which has been delayed once again. Boeing's last completely new widebody plane was the 787 way back in 2003. Qatar and Etihad have ordered 94 and 25 777-9s, respectively, for a collective 324 777X planes across the three airlines. The Boeing 777X's 10-abreast cabin mockup on display at Aircraft Interiors Expo in 2022.
Persons: , planemaker, Kelly Ortberg, it's, Thiago B Trevisan, Julien de Rosa, ROSLAN RAHMAN, Max —, Max, Georg Wendt, Tim Clark, isn't, Clark, Richard Aboulafia, Aboulafia Organizations: Service, Boeing, British Airways, Emirates, Singapore Airlines, Airbus, Korean Air, Delta Air Lines, Lufthansa, Air New Zealand, Getty, Aviation, Etihad Airways, Etihad, Aircraft, Airlines Locations: Qatar, Emirates, Korean, AFP
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe risk for Boeing right now is overpromising and underdelivering, says RBC's Ken HerbertKen Herbert, RBC Capital aerospace and defense analyst, joins 'Squawk box' to discuss the challenges facing Boeing, impact of the machinists strike on the company, state of the aerospace and defense sector at large, competition with Airbus, and more.
Persons: Ken Herbert Ken Herbert Organizations: Boeing, RBC Capital, Airbus
There's no doubt about that," said Harry Katz, a professor who studies collective bargaining at Cornell University's School of Industrial and Labor Relations. Late Friday, Jon Holden, president of the striking workers' union, IAM District 751, pushed for a return to negotiations. However, unlike during the last Boeing factory strike in 2008, there is more contract work in the Seattle area to help workers fill the gaps. Slashing workforceA Boeing 737 MAX aircraft is assembled at the Boeing Renton Factory in Renton, Washington, on June 25, 2024. Boeing 737 fuselages on railcars at Spirit AeroSystems' factory in Wichita, Kansas, US, on Monday, July 1, 2024.
Persons: Stephen Brashear, It's, Boeing machinists, Kelly Ortberg, bookends, Max, wasn't, Harry Katz, Jon Holden, Ortberg, Jennifer Buchanan, hasn't, they're, Richard Aboulafia, Ron Epstein, Nick Oxford Organizations: Boeing, Getty, Cornell University's School of Industrial and Labor Relations, National Labor Relations Board, International Association of Machinists, Aerospace Workers, IAM, Boeing Renton Factory, AFP, of America, Bloomberg, & $ Locations: Renton , Washington, Seattle, Friday's, underperformance, Wichita , Kansas
Emirates' president criticized Boeing over further delays to the 777X jet delivery. Emirates has ordered 262 of the 777X, making it the biggest customer of the much-delayed jet. AdvertisementThe president of Emirates, one of Boeing's biggest customers, has slammed the planemaker after it announced a further delay to its much-anticipated 777X jet. The Boeing 777X has revolutionary folding wingtips that are a first in commercial aviation. Related storiesSheikh Ahmed bin Saeed Al Maktoum, the Emirates CEO, previously said the 777X delays would force it to use existing jets for longer than planned, Reuters reported.
Persons: Tim Clark, , Sir Tim Clark, Taylor Rains, Kelly Ortberg, Clark, Sheikh Ahmed bin Saeed Al Maktoum, Ortberg Organizations: Boeing, Emirates, Service, Business, Alaska Airlines, Boeing 777X, Reuters Locations: Seattle
For God, for country, for rain
  + stars: | 2024-10-14 | by ( Jessica Lucas | ) www.businessinsider.com   time to read: +24 min
It's 9:30 a.m., and Augustus Doricko, the mulleted 24-year-old founder of the cloud-seeding company Rainmaker, is clutching a coffee. There's a long way to go before cloud seeding becomes a viable option for solving one of humanity's many self-made crises. El Segundo, population 17,272, has long been a bastion of American engineering, home to aerospace and defense giants like Boeing and Raytheon. Jett Lara for BIThe burning happens every Friday around 8 p.m. at a bonfire on El Segundo Beach. One of Doricko's goals is to build a church in El Segundo to "share the grace of God with other people."
Persons: Augustus Doricko, Bruno Mars, Doricko, Jessica, I'd, Jesus, He'd, that's, Rainmaker, Lauren Sánchez, Jett Lara, Billy Ray Cyrus, God, Augustus Doricko Doricko's, Cameron Schiller, Augustus, Schiller, El, That's, it's, El Segundo, Elon Musk, Isaiah Taylor, Doricko's, Taylor, Rob Coutts, , Jesus of Nazareth, Zer, he'd, Jason Flynt, Flynt, Terra, Michael Gibson, Sarah Tessendorf's, messaged Gibson, Michael, Gibson, Thiel, Peter Thiel, I'm, Katja Friedrich, Friedrich, Friedrich isn't, Jonathan Jennings, Kaitlyn Suski, dumbbells, Jackson Schultz, Elijah, birdsong, Schultz, We're, coffees, Mankind Organizations: MGM, Association, Aspen Ideas, Global Initiative, BI, El, Boeing, Raytheon, Space Industries, Chevrolet, Stamford Yacht Club, New Zealand, University of California, BI Doricko, drillers, Terra Seco, Thiel Foundation, Terra, tech's, Weather Locations: Vegas, Tennessee, El Segundo, Los Angeles, America, Silicon, Santa Clarita, Rainmaker, Beijing, Colorado, California, Smoky, El Segundo Beach, North Carolina, Texas, Stamford , Connecticut, New, Costa, Berkeley, Christianity, Fort Worth , Texas, Terra Seco, drawdowns, Lake Mead, Las Vegas, Phoenix, Juul, Fresno, San Jose, Dubai, UAE, Midwest, West Texas, New Mexico , Arizona , Nevada, Amsterdam, Milan
Bao Li and Qing Bao were taken off public display and placed in quarantine on September 13 – a day after Qing Bao turned three years old. Bao Li and Qing Bao spent their last few days in Dujiangyan getting trained for their first long-haul flight. The zoo’s 24-hour Giant Panda Cam has garnered more than 100 million page views since its launch in 2000. “Giant pandas truly represent how great conservation outcomes can be achieved through great partnerships and with public support,” she said. “The international cooperation on giant pandas holds great significance,” the center said, adding that it had clarified such rumors multiple times.
Persons: Bao Li, Qing Bao, China’s, Tom Booth Qing Bao, Tom Booth, Bao, Brandie Smith, ” Smith, , Bao Bao, Meixiang, Tian Tian, , Mariel Lally, “ Bao Li, Tian Tian Junior, Lally, , Ren Zhijun, ” Ren, Evelio Contreras, CNN Ren, Ren, it’s, ” Lally, “ They’re, Richard Nixon’s, Pat Nixon, Zhou Enlai, Weeks, Ling Ling, Hsing Hsing, Cam, Mei Xiang, Xiao Qi Ji, Xi Jinping, Smith, influencers, Ya, Giant Panda Organizations: China CNN, FedEx Boeing, China Wildlife Conservation Association, CNN, Staff, Washington, Smithsonian, Washington DC, Zoo, National Zoo, US, Beijing Zoo, Memphis, San Diego Zoo, National, Memphis Zoo, China Conservation and Research Center, Giant Locations: Dujiangyan, China, Washington, Sichuan, Communist China, Beijing, San Diego, Atlanta, America, Europe, San Francisco
The CEO of Nigeria's Air Peace airline has been charged with obstruction of justice. Onyema was charged with bank fraud and money laundering in 2019. AdvertisementAllen Onyema, the CEO and founder of Nigeria's Air Peace airline, has been charged with obstruction of justice in the US, adding to previous charges of bank fraud and money laundering. "The aircraft that was referenced in each of the export letters of credit was never owned or sold by Springfield Aviation," the indictment says. AdvertisementHarry and Markle flew from Nigeria's capital Abuja to Lagos on Air Peace in May, the MailOnline reported at the time.
Persons: Allen Onyema, Onyema, , Ejiroghene Eghagha, Ryan Buchanan, Prince Harry, Meghan Markle, Andrew Esiebo, Harry, Markle Organizations: Nigeria's Air, Service, Nigeria's Air Peace, US, Office, Northern, Northern District of, Air Peace's, Boeing, Business, Springfield Aviation, Onyema, Archewell, Air Peace, Daily, Nigerian Chief, Defense Staff Locations: Northern District, Northern District of Georgia, Nigeria, Georgia, Lagos, Nigeria's, Abuja, Nigerian
Former President Donald Trump and Vice President Kamala Harris face off in the ABC presidential debate on Sept. 10, 2024. The previous Trump administration didn't pursue those types of consumer protections. In contrast, Democrats, including Harris, have historically supported EVs and incentives such as those under the Biden administration's signature Inflation Reduction Act. Meanwhile, Harris, if elected, can build on existing efforts of the Biden administration to deliver savings to more patients, they said. Trump also led multiple efforts to repeal the Affordable Care Act, including its expansion of Medicaid to low-income adults.
Persons: Donald Trump, Kamala Harris, he's, Harris, Joe Biden's, Trump, Pete Buttigieg, Jonathan Kletzel, didn't, — Leslie Josephs Banks Big, JPMorgan Chase, Biden, Tobin Marcus, it's, Sen, JD Vance, they're, Lindsey Johnson, Hugh Son, Pablo Di Si, EVs, Joseph Spak, Harris hasn't, Mike Wayland, Drugmakers, Trump hasn't, Mariana Socal, Annika Kim Constantino, David Zaslav, John Malone, Time Warner, Simon, Simon & Schuster, Marc DeBevoise, Jonathan Miller, Elon Musk's, Musk, I'm, MAGA, I'm Dark MAGA, , TikTok, — Lillian Rizzo, Alex Sherman, Michael Lynn, — Amelia Lucas Organizations: ABC, Getty, U.S, Trump, Treasury, Justice Department, Federal Trade Commission, Consumer Financial, Bureau, CNBC, The Biden Department of Transportation, Democratic, American Airlines, JetBlue Airways, Spirit Airlines, Industry, Boeing, JPMorgan, Securities and Exchange Commission, Currency, Federal Deposit Insurance Corporation, Biden, Wolfe Research, Bank, Republican, Bankers, Democratic Party, Consumer Bankers Association, Republicans, Volkswagen Group of America, Automotive News, Environmental Protection Agency, UBS, Mike Wayland Health, Commonwealth Fund, Medicare, Johns Hopkins Bloomberg School of Public Health, Annika Kim Constantino Media, Paramount Global, Skydance, Warner Bros, Discovery, Allen & Co, Sun, Media, Disney, Fox Corp, Time, Simon &, Random, MGM, FCC, Integrated Media, Twitter, Capitol, White, Lawmakers, Meta's Facebook, Alex Sherman Restaurants, National Restaurant Association, National Labor Relations Board, Social Security, Washington Post, Cornell University Locations: United States, PwC, JetBlue's, U.S, China, Ohio, Michigan, California
The company has faced mechanical problems, lawsuits, a leadership shake-up, and layoffs. Here's a breakdown of how Boeing's year has gone from bad to worse. Go to newsletter preferences Thanks for signing up! download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Here's a breakdown of how Boeing's year went from bad to worse.
Persons: , Here's Organizations: Boeing, Service, Alaska Airlines, Business
Last quarter: Bank of America jumped after saying a rebound in net interest income was coming . What history shows: Bank of America shares have risen in 10 of the last 12 earnings days, according to Bespoke Investment Group. What history shows: Netflix tends to struggle on earnings days, averaging a slight decline, according to Bespoke. Shares have also fallen in two of the last three earnings days, including a 9.1% drop in April. What history shows: Bespoke data shows Procter & Gamble beats earnings expectations 85% of the time.
Persons: Goldman Sachs, Wells, Hugh Son, Goldman, Leslie Josephs, Wednesday Morgan Stanley, Morgan Stanley, Bryan Kraft, Kraft, Procter & Gamble, Procter, Lauren Lieberman Organizations: Netflix, Procter, Gamble, Big, Bank of America, JPMorgan Chase, BlackRock, Tuesday Bank of America, CNBC, Investment, LSEG, JPMorgan, United Airlines, U.S, Delta, Wednesday, Deutsche Bank, Procter &, Barclays Locations: Wells Fargo, U.S, China
CNN —Sunday marks one month since members of the International Association of Machinists began their strike against Boeing. The cost: nearly $5 billion, according to a new analysis by Anderson Economic Group, shared exclusively with CNN. Boeing’s workers and shareholders make up the bulk of the strike losses, at $3.7 billion, the new analysis shows. “Suppliers, Seattle-area businesses, and Boeing customers are paying part of the price,” said Patrick Anderson, CEO of Anderson Economic Group. Boeing’s customers — the airlines — are also feeling the financial pain, with $285 million in losses to Boeing customers worldwide.
Persons: , Patrick Anderson, Anderson, ” Kelly Ortberg, ” Stephanie Pope, Pope, , John Holden, ” Holden Organizations: CNN, International Association of Machinists, Boeing, Anderson Economic Group, IAM, “ Suppliers, Anderson Economic, FAA, Department Locations: Everett , Washington, Seattle, Boeing Seattle
Zients also made clear that President Joe Biden had directed the Secret Service to provide the highest level of protection for Trump, the source said. A subsequent letter from Wiles to acting Secret Service Director Ronald Rowe reviewed by NBC News confirmed several of the campaign’s requests. The Trump campaign also requested that special operations forces be assigned to protect Trump, according to two U.S. officials. A defense official told NBC News that the “department continues to provide enhanced support to the U.S. Secret Service” for the presidential and vice presidential candidates. Another source said Trump is receiving the same level of protection as Biden, so the campaign should not expect more.
Persons: Donald Trump’s, Susie Wiles, Jeff Zients, Zients, Wiles, Joe Biden, Ronald Rowe, Trump, Steven Cheung, Mike Waltz, Donald Trump, Anthony Guglielmi, ” Guglielmi, Guglielmi, , Biden, Lloyd Austin Organizations: NBC News, Trump, White House, Department of Homeland Security, Service, Secret Service, Boeing, Secret, Department of Defense, Pentagon, U.S . Northern Command Locations: Butler , Pennsylvania, West Palm Beach , Florida, Iran, U.S
CNN —In travel news this week: fat bears, hungry raccoons, an R-rated flight movie mishap and the best-value air travel destinations for Americans in the year ahead. Top of the list is the Mediterranean resort city of Nice, a much-loved playground for visitors to the French Riviera. Fares to the city fell by 27% in the first half of 2024, compared with the same period the year before. Fares to its capital, Rabat, have dropped by 24%, meaning you’ll have more to spend when you get there. Rounding out the top five is a US domestic destination: Fargo, North Dakota (-24%).
Persons: It’s, Hurricane Helene, Lucia, Alaska’s, Taylor Swift, Organizations: CNN, Southeastern, Boeing, Flames, Frontier Airlines, Atlanta’s Hartsfield, Jackson International, Qantas Airways, Spirit Airlines, US Army Locations: Southeastern United States, Hurricane Milton, Hurricane, United States, Nice, Castries, St, Bridgetown, Barbados, Morocco, Rabat, Fargo , North Dakota, Argentina, Washington, Thailand, New York, Bangkok, Sydney, American, Las Vegas, Tokyo, South Korea, Nepal, Canada, Soviet Central Asia
Boeing will cut 10% of its workforce, or about 17,000 people, as the company’s losses mount and a machinist strike that has idled its aircraft factories enters its fifth week. Boeing expects to report a loss of an $9.97 a share in the third quarter, the company said in a surprise release on Friday. “Our business is in a difficult position, and it is hard to overstate the challenges we face together,” Ortberg said. He was tasked with restoring Boeing after safety and manufacturing crises, but the labor strike has been the biggest challenge yet for Ortberg. Tensions have been rising between the manufacturer and the union, and Boeing withdrew a contract offer earlier this week.
Persons: Kelly Ortberg, ” Ortberg, machinists Organizations: Boeing Locations: Ortberg
Boeing agreed in July to plead guilty to conspiring to defraud regulators. Prosecutors arrived at the plea agreement after an extensive investigation and a series of meetings with the families, prosecutors said. He argued the judge should accept the plea agreement. The Justice Department argued that the penalties Boeing agreed to were the most serious available. During a three-year probationary period that followed, Boeing agreed to improve its quality issues and transparency with the government.
Persons: Max, Reed O’Connor, Judge O’Connor, Paul Cassell, , , Sean Tonolli, Department’s, Boeing “, ” Mark Filip, Organizations: New, New York CNN, Boeing, US Justice Department, Prosecutors, Justice Department, Alaska Airlines, Department, Federal Aviation Administration, FAA Locations: Fort Worth , Texas, New York, United States, Alaska
The Boeing strike is growing increasingly ill-tempered as both sides have filed NLRB complaints. AdvertisementBoeing filed a complaint on Thursday with the National Labor Relations Board against the union representing 33,000 of its workers. Rising tensions are palpable, and a longer strike would continue to hurt Boeing. AdvertisementBank of America analyst Ron Epstein estimated that the strike is costing Boeing $50 million a day. "Given that position, further negotiations do not make sense at this point," Stephanie Pope, CEO of Boeing Commercial Airplanes, told employees in an email Tuesday.
Persons: , Ron Epstein, Boeing's, Kelly Ortberg, Stephanie Pope, Mike Fitzsimmons Organizations: Boeing, Service, National Labor Relations Board, International Association of Machinists, Aerospace Workers, IAM, NLRB, Bank of America, Business, Airplanes, Seattle Times, BI Locations: Seattle
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailJefferies Sheila Kahyaoglu reacts to Boeing announcing 10% workforce reductionSheila Kahyaoglu, Jefferies, joins 'Closing Bell Overtime' to talk news Boeing is laying off 10% of its workforce.
Persons: Jefferies Sheila Kahyaoglu, Sheila Kahyaoglu, Jefferies Organizations: Boeing
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailLightning Round: I have 'no conviction that Boeing is getting this right', says Jim Cramer'Mad Money' host Jim Cramer weighs in on stock including: Boeing, Palo Alto Networks, Johnson Controls, and Fulton Financial.
Persons: Jim Cramer Organizations: Boeing, Palo Alto Networks, Johnson Controls, Fulton Financial
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